U.S. West Texas Intermediate (WTI) fell from Monday's trading to $86.37, down 50 cents or 0.6% from Friday's close.
Gold prices climbed on Tuesday in the international markets buoyed by a pullback in the dollar and safe-haven buying due to economic slowdown concerns, though prospects of aggressive rate hikes capped further gains. Will rebound in gold prices sustain? Watch the video to find out.
Tapan Patel, Senior Analyst (Commodities), HDFC Securities expects gold prices to trade sideways to up for the day with COMEX Spot gold support at $1700 and resistance at $1740 per ounce. MCX Gold October support lies at Rs 50200 and resistance at Rs 50900 per 10 grams.
According to Geojit , Spices complex was in red on Monday. Dhaniya futures declined more than one per cent on weak demand, while better production prospects weighed on turmeric futures.
U.S. West Texas Intermediate (WTI) crude futures inched up from Monday to $89.13 a barrel, and were up $2.26, or 2.6%, from Friday's close. There was no settlement on Monday, the U.S. Labor Day holiday.
U.S. West Texas Intermediate crude was up $3.08, or 3.6%, at $89.98 after a 0.3% gain in the previous session.
According to Geojit , A mixed trend was seen in spices complex on NCDEX on Friday. Barring jeera futures, other spices ended down.
West Texas Intermediate advanced above $88 a barrel after sinking by almost 7% last week on concerns that slowing global growth and anti-virus lockdowns in China would hurt demand.
A strong USD, weakening gas prices, and soft demand in China and Europe has added to their woes.
In physical markets, gold premiums jumped in top consumer China, while a drop in local prices boosted demand in India.
Brent crude futures were up $1.59, or 1.7%, to $93.95 a barrel by 11:19 a.m. EDT (1519 GMT), while U.S. West Texas Intermediate (WTI) crude futures rose $1.39, or 1.6%, to $88.00 a barrel.
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According to Geojit , Spices traded on a positive note on Thursday on NCDEX. Dhaniya futures jumped more than three per cent to hit two-week highs, while turmeric futures gained more than one per cent on short covering.
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Spot gold XAU= inched up 0.1% to $1,697.80 per ounce, as of 0055 GMT but was down 2.2% for the week so far.
Brent crude futures rose $1.20, or 1.3%, to $93.56 a barrel at 0117 GMT, while U.S. West Texas Intermediate (WTI) crude futures jumped $1.16, or 1.3%, to $87.77 a barrel.
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According to Geojit , Mixed moves continued in NCDEX spices complex. On Tuesday, jeera futures inched higher of good demand.
Spot gold XAU= fell 0.2% to $1,706.99 per ounce, as of 0100 GMT, after hitting its lowest level since July 21 at $1,704.94 earlier.
Brent crude futures fell 37 cents, or 0.4%, to $95.27 a barrel by 0006 GMT. U.S. West Texas Intermediate (WTI) crude futures fell 32 cents, or 0.4%, to $89.23 a barrel.
Spot gold was flat at $1,723.28 per ounce, as of 0109 GMT, trading close to a one-month trough hit on Monday. It has declined 2.5% so far in the month.
West Texas Intermediate, which traded above $92 a barrel after tumbling on Tuesday, has shed more than 6% in August, hitting the lowest since January mid-month.
U.S. West Texas Intermediate (WTI) crude futures rose 64 cents to $92.28 a barrel at 0012 GMT, after sliding $5.37 in the previous session driven by recession fears.
According to HDFC Securities, the price of gold in the national capital on Tuesday dropped by Rs 66 to Rs 51,469 per 10 kilos as the currency appreciated. However, silver only slightly increased by Rs 4, moving from Rs 55,546 per kilogramme